Ministry of Foreign Affairs 4th Future Diplomats Essay Competition The Caribbean Community (CARICOM) is celebrating 40 years of integration in 2013. Discuss the achievements of CARICOM in light of the statement and make suggestions for future development. Kerri Mc Neil Happy fortieth anniversary to the Caribbean Community (CARICOM)! An establishment which has transgressed shared colonial history; propelling its fifteen member states and five
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The founding of the Caribbean Community and Common Market (CARICOM) was the result of a 15-year effort to achieve the hope of regional integration which had begun with the establishment of the British West Indies Federation in 1958. It was a Federal Government drawn from 10 member islands which were Antigua and Barbuda‚ Barbados‚ Dominica‚ Grenada‚ Jamaica‚ Montserrat‚ the then St Kitts-Nevis-Anguilla‚ Saint Lucia‚ St Vincent and Trinidad and Tobago. The Federal Capital of the federation was located
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Name: Editha Whitney Lecturer: Louise Durocher Course: CPS901 Accounting Procedures Date: October 14‚ 2011 CARICOM and CSME (Caribbean Single Market Economy) OUTLINE 1. What is Caricom? Caricom (The Caribbean Community) was originally called the Caribbean Community and Common Market. 2. When was it established and why? It was established August 1st‚ 1973 by the Treaty of Chaguaramas. Revised Treaty of Chaguaramas was done in July 5th‚ 2001. Its purpose was to improve standards of living
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The CARICOM Single Market and Economy (CSME) is indeed a mixed blessing as it carries various benefits as well as challenges for the Caribbean islands. Firstly I will attempt to describe the CSME in its entirety giving the benefits and the shortfalls of its implementation and how it will affect the islands positively or negatively and the factors that may result in the contrasting outcomes. Overview of the CSME The CSME is also known as the Caribbean Single Market and Economy was
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A Brief History of CARICOM Retrieved from: http://csmenetwork.com/2/caricom-cd/General%20CARICOM%20Info/history2.htm CARICOM Single Market and Economy (CSME) The decision‚ in 1989‚ to establish the CSME was a move to deepen the integration movement to better respond to the challenges and opportunities presented by globalisation. Preparations for the establishment of the CSME included the negotiation of nine Protocols to amend the Treaty. These nine Protocols were later combined to create
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Advantages and Disadvantages of the CARICOM Single Market and Economy (CSME) CARIBBEAN INTEGRATION Introduction Throughout the world many countries have tried to form strong alliances for varying reasons and among the top of that list would be for war and trade. The Caribbean as a region has found it necessary to form such an alliance‚ not for war but for trade. The need for such alliance gave way to the birth of a Single Market for the Caribbean region - The CARICOM Single Market and Economy (CSME)
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This paper wishes to discuss firstly the history of the Caribbean Community (CARICOM)‚ followed by their major achievements and recommendations for future developments which can be made. To begin with‚ I would first like to discuss how CARICOM first became existent today. It all began with the hope of regional integration which was started with the establishment of the British West Indies Federation in 1953 but they British West Indies Federation sadly came to an end in 1962 but that was the beginning
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Caribbean Community (CARICOM) CARICOM was established to encourage the region’s development. Its main purposes are to promote economic integration and cooperation among its members‚ to ensure that the benefits of integration are equitably shared‚ and to coordinate foreign policy. Caribbean Single Market and Economy (CSME) The CSME is designed to represent a single ‘economic space’ where people‚ goods‚ services and capital can move freely. The main objectives of the CSME are: full use of labour (full
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Caricom- Caribbean Community and Common Market The formation of Caricom came about when the initial four countries’ governments saw the need for an integration of its members and economies‚ and the creation of a common market. When the West Indian Federation came to an end in 1962‚ Caricom was established as a means of regional integration. The West Indian Federation was a political union and consisted of ten countries- which are now states of Caricom- with the exception of Belize‚ The Bahamas
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What is Caricom The Caribbean Community and Common Market (CARICOM) was the result of a 15-year effort to fulfill the hope of regional integration which was born with the establishment of the British West Indies Federation in 1958 then ended in 1962. With the end of the Federation‚ political leaders in the Caribbean made more serious efforts to strengthen the ties between the islands and mainland by providing for the continuance and strengthening of the areas of cooperation that existed during
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